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Forecast Period
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2018-2028
|
|
Market Size (2022)
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USD7.39 Billion
|
|
CAGR (2023-2028)
|
7.55%
|
|
Fastest Growing Segment
|
Shoes
|
|
Largest Market
|
North America
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Market
Overview
The
Global Diabetic Footwear Market has valued at USD7.39 billion in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 7.55%
through 2028. Diabetic footwear refers to specially designed shoes and inserts
that cater to the specific needs of individuals with diabetes. These shoes are
intended to reduce the risk of foot ulcers, infections, and other complications
that can arise from diabetic foot conditions. The prevalence of diabetes has
been on the rise globally, which has resulted in an increasing demand for
diabetic footwear. People with diabetes are more susceptible to foot-related
complications, such as neuropathy and poor circulation, making diabetic
footwear essential for managing foot health and reducing the risk of potential
complications. As awareness about the importance of foot health among
individuals with diabetes increases, the demand for diabetic footwear has also
grown. Healthcare professionals, including podiatrists and diabetes educators,
play a vital role in educating patients about the benefits of using appropriate
footwear to prevent foot issues. Footwear manufacturers have been investing in
research and development to create diabetic shoes that offer better comfort,
support, and protection. Advancements in materials, cushioning, and orthotic
technologies have led to the development of diabetic footwear that meets the
unique needs of diabetic individuals.
Key
Market Drivers
Growing
Diabetic Population
One
of the primary drivers of the diabetic footwear market is the increasing number
of people living with diabetes. According to the International Diabetes
Federation (IDF), the global prevalence of diabetes was estimated to be 9.3%
among adults aged 20-79 years in 2019, affecting approximately 463 million
people. Diabetes is associated with various foot-related complications, such as
neuropathy and peripheral arterial disease, which can lead to foot ulcers and
infections. Diabetic footwear is specially designed to address these
complications and reduce the risk of serious foot problems, making it an
essential component of diabetic foot care.
Rising
Awareness about Foot Health
As
awareness about the importance of foot health among individuals with diabetes
increases, so does the demand for diabetic footwear. Healthcare professionals,
including podiatrists and diabetes educators, play a vital role in educating
patients about the benefits of using appropriate footwear to prevent foot
issues. Patients are encouraged to choose diabetic shoes that provide proper
support, cushioning, and protection to minimize the risk of foot ulcers and
injuries. Additionally, awareness campaigns by diabetes associations and
healthcare organizations have further contributed to driving the market's
growth.
Government
Initiatives and Support
In
some regions, governments and healthcare authorities have implemented
initiatives to address diabetes-related complications, including foot care.
These initiatives may include the provision of diabetic footwear as part of
healthcare programs or subsidized footwear for diabetic patients. The support
from governmental agencies encourages the adoption of diabetic footwear and
increases its accessibility to patients who may face financial constraints.
Growing
Aging Population
With
an increasing aging population globally, the prevalence of diabetes is also
expected to rise. Older adults are more susceptible to foot-related issues due
to age-related changes in foot anatomy and reduced circulation. As a result,
the demand for diabetic footwear is projected to increase with the aging
population, providing significant growth opportunities for manufacturers and
retailers in the market.
Expanding
Distribution Channels
The
availability of diabetic footwear has expanded through various distribution
channels, including specialty diabetic shoe stores, online retail platforms,
and medical supply stores. The growth of e-commerce has significantly increased
the accessibility of diabetic footwear, enabling consumers to purchase products
conveniently from the comfort of their homes. The wide distribution network has
contributed to the market's growth and allowed manufacturers to reach a broader
customer base.